XAUUSD | GOLDSPOT | New perspective | follow-up detail
Updated
Gold is on fire! Central banks are scooping up gold at an unprecedented rate, fueling a massive bull run. In this video, we dive into the XAUUSD market, examining the fundamentals driving this surge, including:
🪙 Central bank demand: Learn why central banks are hoarding gold and how this impacts the market.
📉 Interest rate cuts: The Fed is hinting at rate cuts, and this is a major catalyst for gold.
🌎 Geopolitical tensions: Rising global instability is also bolstering demand for safe-haven assets like gold.
We break down the impact of these fundamental factors on gold prices and analyze the price action on the XAU/USD chart to uncover potential trading opportunities for the upcoming week.
XAUUSD Technical Overview:
This week, we're focusing on the $2,475 zone. This could be a make-or-break point. If gold stays above this zone: Bulls might maintain control, potentially pushing prices higher and setting up new highs. If gold drops below the zone then Bears might gain the upper hand in an attempt to retrace into the structure-support line of the ascending channel in the process. Join me as we explore these factors and potential opportunities in the gold market. Like, subscribe, and hit the notification bell for the latest analysis and insights!
📌 Follow my journey as I map out the next moves in this dynamic market!
#XAUUSD #Gold #Trading #TechnicalAnalysis #MarketAnalysis #GoldPrice #CentralBanks #Fed #JacksonHole #Investment #TradingStrategy #FXTrading📺🔔💼
Disclaimer Notice:
Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
🪙 Central bank demand: Learn why central banks are hoarding gold and how this impacts the market.
📉 Interest rate cuts: The Fed is hinting at rate cuts, and this is a major catalyst for gold.
🌎 Geopolitical tensions: Rising global instability is also bolstering demand for safe-haven assets like gold.
We break down the impact of these fundamental factors on gold prices and analyze the price action on the XAU/USD chart to uncover potential trading opportunities for the upcoming week.
XAUUSD Technical Overview:
This week, we're focusing on the $2,475 zone. This could be a make-or-break point. If gold stays above this zone: Bulls might maintain control, potentially pushing prices higher and setting up new highs. If gold drops below the zone then Bears might gain the upper hand in an attempt to retrace into the structure-support line of the ascending channel in the process. Join me as we explore these factors and potential opportunities in the gold market. Like, subscribe, and hit the notification bell for the latest analysis and insights!
📌 Follow my journey as I map out the next moves in this dynamic market!
#XAUUSD #Gold #Trading #TechnicalAnalysis #MarketAnalysis #GoldPrice #CentralBanks #Fed #JacksonHole #Investment #TradingStrategy #FXTrading📺🔔💼
Disclaimer Notice:
Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
Note
Gold is currently in a consolidation phase, struggling to build on Friday's gains. Traders appear to be taking some profits, choosing to wait for clearer signals on the Federal Reserve's policy direction amid a generally positive risk environment, which typically dampens demand for safe-haven assets.
All eyes are now on the upcoming release of the FOMC meeting minutes this Wednesday and Fed Chair Jerome Powell's speech at the Jackson Hole Symposium for fresh impetus.
However, it is worth noting that the sentiment surrounding the expectations of the Fed initiating a rate-cutting cycle in September could continue to weigh on the US Dollar. Additionally, ongoing geopolitical tensions in the Middle East and the Russia-Ukraine conflict are likely to continue supporting Gold prices. Any significant pullback could present a buying opportunity, especially with a lack of major US economic data releases today.
Given these factors, we've identified a new structural set-up on the 1H timeframe to guide our trading strategy for the first half of the week. We shall elaborate on this during our upcoming live session... See you soon!
Good Morning
Trade active
Gold continues to climb, with three buy positions already triggered, reflecting the market's bullish sentiment. All eyes still remain on the upcoming release of the July FOMC meeting minutes on Wednesday and Fed Chair Jerome Powell's speech at the Jackson Hole Symposium on Friday.
While the US Dollar's recovery seems unlikely given the growing expectations of a rate cut by the Fed in September, geopolitical risks in the Middle East and the ongoing Russia-Ukraine conflict, the path of least resistance remains to the upside.
Taking this into account, it's wise to tread carefully if you're considering a bearish stance.
It's also a good time to lock in some profits as we keep an eye out for fresh opportunities. Stay tuned for more updates.
Good Morning
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#XAUUSD
It is time to secure some more profit as we continue to monitor price action
Trade closed manually
Following the closure of all our buy positions from yesterday’s session with a minimum of 400 pips, we now have fresh structural insights to guide today’s trading activity.
Over the past 14 hours, Gold prices have continued to consolidate above the key $2,500 psychological level, suggesting the potential for an uptrend continuation. The prevailing sentiment is that the Federal Reserve is likely to begin its policy easing cycle, with a 25 basis point cut anticipated in September. This expectation continues to weigh on US Treasury yields, providing underlying support for gold.
In addition to the Fed's stance, ongoing geopolitical tensions, China’s economic concerns, and a slight shift in global risk sentiment are bolstering demand for safe-haven assets like gold.
With the July FOMC meeting minutes set for release today, and Fed Chair Jerome Powell’s upcoming speech at the Jackson Hole Symposium, market participants are likely to remain cautious. These events will be critical in shaping USD price movements and the near-term trajectory of XAU/USD.
As we await these key developments, we’ll be sticking to our new structural framework for identifying trading opportunities. We’ll dive deeper into the current market dynamics during our upcoming live session. See you there!
Good Morning
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#XAUUSD
STRUCTURAL UPDATE | 15 Min Timeframe
This is what we will be using to manage the current structure ahead of the FOMC meeting minutes.
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Despite a rebound in US yields and a recovery in the US Dollar, Gold continues to find support around the $2,500 mark during the Asian session. While the market remains in consolidation mode, participants are closely watching the outlook for the US economy and the future path of interest rates—key drivers for Gold.
The release of the Federal Reserve’s July meeting minutes highlighted a growing inclination among Fed members to cut interest rates. However, with the market already pricing in a 0.25% cut, the minutes had little immediate impact on safe-haven asset prices.
Preliminary revisions to Nonfarm Payrolls data revealed a significant downward adjustment of 818,000 jobs, averaging 68,000 fewer payrolls per month. Although this points to a slower pace of job growth, the data doesn’t signal an imminent recession. Nonetheless, it suggests a weakening labor market, adding pressure on US yields and the Dollar, which supports Gold.
Looking ahead, the structural demand zone on the chart [$2,414 - $2,501] remains a favorable area for buyers, reinforcing the potential for an uptrend scenario.
Good Morning
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